I'm betting the compliance rate on that particular item (if most people
even know what the heck the FTB is asking about) is somewhere between
zero and nil. Probably one of the more exceedingly stupid ideas I've
seen yet, as the cost of enforcement would easily exceed revenues gained
for almost every case, unless they were after some big fish for other
non-compliance issues.
---
Scott Gomez
-----Original Message-----
From: Moose [mailto:olymoose@xxxxxxxxxxxxxxx]
Subject: [OM] Re: Is Olympus going bankrupt? Am I a creditor?
Audits. Or simply, as someone else suggested, when trying to catch you
for something else. The tax return form asks if you have any such items
and to pay use tax on them. You then sign the statement on the bottom.
If they put that statement together with proof of unreported/paid out of
state purchases - Gotcha!
The practical situation for most of us ordinary, minor tax grifters is
that it's no problem, but the threat is there.
Moose
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